![]() Compensation is somewhat tied to firm performance. More intense than Asset Manager - Passive, but not as intense as the HFTs, Prop Firms, and Hedge Funds. ![]() Asset Managers - Alternatives are again somewhere in between on all dimensions. The game is more about gaining promotions, managing bigger teams, and politics. Your compensation is mostly a fixed salary with little to no link to firm performance. At the other extreme, Asset Managers - Passive are more relaxed, with better work-life balance. It’s a very meritocratic, “eat what you kill” environment and they care less about fancy titles / hierarchy. Because of this, your contribution will be carefully tracked and poor performers are fired regularly. For example, if the fund makes $X, you take home $X*(Some Percent). You’ll have a fixed base salary but your bonus is directly linked to fund performance and/or your contribution to that performance. HFTs, Proprietary Trading Firms, and Hedge Funds are all fairly cutthroat with longer hours. These differences are reflected in culture, work-life balance and compensation. And the Asset Managers - Alternative are somewhere in between. The Asset Managers - Passive are “Passive” managers who want to simply track the market or indices. These firms are trying to generate outsized returns (“alpha”). The main categories of firms are:Īt a high level, the HFTs, Proprietary Trading Firms and Hedge Funds are the “Active” managers. The goal is to make sure you understand the quant landscape and know all the relevant names so you can maximize your chances of breaking into the industry. In this guide we provide a vetted list of 80+ quant firms for recruiting and break them into categories.
0 Comments
Leave a Reply. |